Is Westlake Village, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Westlake Village has remained a Seller's Market.
Housing Prices in Westlake Village, CA
How much do homes in Westlake Village, CA cost?
Median Sold Price
$1,496,500
$635/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Westlake Village was $1,496,500 in June 2024, up 7.9% from last year, and the median price per square foot was $635.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415K | $409.7K | -1.3% |
2 Bedrooms | $750K | $662.5K | -11.7% |
3 Bedrooms | $1.2M | $1.3M | +9.1% |
4 Bedrooms | $1.6M | $1.8M | +11.2% |
5+ Bedrooms | $2.6M | $2.2M | -16.0% |
Summary: Westlake Village housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 16%.
Median Sold Price Compared To Nearby Cities
Newbury Park | $924.2K | $998.4K | +8.0% |
Westlake Village | $1.3M | $1.4M | +7.9% |
Thousand Oaks | $1.0M | $1.0M | +7.4% |
Westlake Village | $1.3M | $1.3M | +0.9% |
Triunfo Pass-Point Mugu | $4.4M | $3.8M | -13.9% |
Housing Supply in Westlake Village, CA
How many homes are available in Westlake Village, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
114 | 133 | +16.7% |
Summary: The Westlake Village real estate market had 133 homes for sale in June 2024, a 16.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 23 | 17 | -26.1% |
3 Bedrooms | 19 | 27 | +42.1% |
4 Bedrooms | 40 | 51 | +27.5% |
5+ Bedrooms | 30 | 36 | +20.0% |
Summary: The Westlake Village housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.1%, 3 bedroom homes increased by 42.1%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
27 | 27 | 0.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Westlake Village in June 2024, the same as the previous month. Of the 27 sold homes, 59% were sold under asking, 7% were sold at asking, and 33% were sold over asking.
Days on Market for Westlake Village, CA
How long does it take to sell a home in Westlake Village, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
34 Days | 56 Days | +65.1% |
Summary: Homes in Westlake Village had an average of 56 days on market in Jun 2024, up by 65.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During June 2024, 27 homes were sold in Westlake Village; 56% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.